Businessplan Online

Costs

Accurately determining costs is crucial for obtaining a realistic financial overview of your business. Make sure to include all relevant cost items, including both fixed and variable costs. It is also advisable to prepare a detailed budget and account for potential unforeseen expenses. By managing your costs carefully and realistically, you can establish a solid financial foundation for your business and evaluate the feasibility of your business plan.

Calculating costs in your business plan is essential for conducting a sound financial analysis. Below is a short guide to help you determine your costs:

1. Type: Select the type of cost you want to enter. You can choose between "costs" or "costs based on revenue".

• If you select "costs", these refer to general business expenses not directly tied to revenue.
• If you select "costs based on revenue", the costs will be automatically calculated based on your sales. In this case, you need to specify which product it concerns. The previously entered margin under "products" will be used to calculate the cost of sales.

2. Category: Choose the relevant category from the dropdown list. Examples include "rental costs", "personnel costs", or "marketing costs".

3. Description: Provide a short description of the cost item. This will help you identify and analyze the costs later.

4. Years: Enter the projected costs for each budget year. It is important to make realistic estimates based on market research, experience, and other relevant information. Take into account annual inflation, price changes, and any seasonal variations in costs.

Make sure to save your changes by clicking the green button so the entered costs are included in your financial overview.